A hedge fund advised by Nassim Nicholas Taleb, the man who popularized the "black swan theory," made a killing on Monday. The Wall Street Journal's Juliet Chung reports that Mark Spitznagel's Miami-based Universa Investments was up 20% on Monday. The fund netted about $1 billion in profits over the course of the week, some realized and others on paper, according to the report. We reached out to Universa for comment. Taleb, the author of "The Black Swan" and "Antifragile," serves as a s...
A hedge fund advised by Nassim Nicholas Taleb, the man who popularized the "black swan theory," made a killing on Monday. The Wall Street Journal's Juliet Chung reports that Mark Spitznagel's Miami-based Universa Investments was up 20% on Monday. The fund netted about $1 billion in profits over the course of the week, some realized and others on paper, according to the report. We reached out to Universa for comment. Taleb, the author of "The Black Swan" and "Antifragile," serves as a s...
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